Obamacare
ObamaCare is Driving a Wedge Between the Socio-Economic Classes.
Presented to
Mrs. Elham Rouhani
ECON2106-Microeconomics (40956)
By
Arianit Gruda, Nicole Kalgren, Richart Stephens,Tanyi Njehliweh
March 22, 2014
Arianit Gruda, Nicole Kalgren, Richart Stephens,Tanyi Njehliweh
ECON2106-Microeconomics (40956)
Elham Rouhani
03/22/2014
ObamaCare is Driving a Wedge Between the Socio-Economic Classes.
The Affordable Care Act is amplifying the difference between socio-economic classes because the ACA encourages employers to cut employee hours. The mainstream of college students hold jobs while studying so that they can pay rent and phone bills, and occasionally go to the movies or out to dinner. We get the money for these bills and happenings through bi-weekly paychecks. We work hard, usually for forty to fifty hours a week, and are compensated near minimum wage. Although miniscule, it is still enough to cover the daily expenses in our lives and to have a bit left over for extraneous items, however if hours are lost then this will not be the case for us students. Big businesses for example, are often the ones who disburse paychecks to people attending college. They offer entry-level jobs that are easy to come by, are constantly expanding, and have a high turnover rate. Large corporations, such as Regal Entertainment Group, Five Guys Burgers, and Petco, are cutting employee’s hours down to less than thirty a week. The Affordable Care Act (ACA) supports employers to provide health insurance to employees working full-time (thirty-plus hours weekly). By cutting the hours, people are no longer are entitled to health insurance provided by the employer. The lower class of the U.S. economy consists of a demographic of people whose hours are being cut. A continuing decline of hours will only result in more financial burdens on the employees. Losing eleven hours could mean an individual who manages
Presented to
Mrs. Elham Rouhani
ECON2106-Microeconomics (40956)
By
Arianit Gruda, Nicole Kalgren, Richart Stephens,Tanyi Njehliweh
March 22, 2014
Arianit Gruda, Nicole Kalgren, Richart Stephens,Tanyi Njehliweh
ECON2106-Microeconomics (40956)
Elham Rouhani
03/22/2014
ObamaCare is Driving a Wedge Between the Socio-Economic Classes.
The Affordable Care Act is amplifying the difference between socio-economic classes because the ACA encourages employers to cut employee hours. The mainstream of college students hold jobs while studying so that they can pay rent and phone bills, and occasionally go to the movies or out to dinner. We get the money for these bills and happenings through bi-weekly paychecks. We work hard, usually for forty to fifty hours a week, and are compensated near minimum wage. Although miniscule, it is still enough to cover the daily expenses in our lives and to have a bit left over for extraneous items, however if hours are lost then this will not be the case for us students. Big businesses for example, are often the ones who disburse paychecks to people attending college. They offer entry-level jobs that are easy to come by, are constantly expanding, and have a high turnover rate. Large corporations, such as Regal Entertainment Group, Five Guys Burgers, and Petco, are cutting employee’s hours down to less than thirty a week. The Affordable Care Act (ACA) supports employers to provide health insurance to employees working full-time (thirty-plus hours weekly). By cutting the hours, people are no longer are entitled to health insurance provided by the employer. The lower class of the U.S. economy consists of a demographic of people whose hours are being cut. A continuing decline of hours will only result in more financial burdens on the employees. Losing eleven hours could mean an individual who manages
Cited: Conover, Chris. "Who Can Deny It? Obamacare Is Accelerating U.S. Towards A Part-Time Nation." Forbes. Forbes Magazine, 31 July 2013. Web. 29 Oct. 2013. "economic effects of health care on small business." executive office of the president council of economic adviers (2009): 18. "health reform ." summary of the affordable care act (2013): 13. McVeigh, Karen. "US Employers Slashing Worker Hours to Avoid Obamacare Insurance Mandate." The Guardian. The Guardian, 30 Sept. 2013. Web. 28 Oct. 2013. Myers, Lisa, and Hannah Rappleye. "Obama Admin. Knew Millions Could Not Keep Their Health Insurance." NBC News. NBC, 28 Oct 2013. Web. 29 Oct. 2013. Nicks, Denver. "Trader Joe 's Explains Why It 's Cutting Health Benefits For Part Timers." Swampland.Time.com. Time Magazine, 17 Sept. 2013. Web. 28 Oct. 2013.